Cashing Out Cryptocurrency in Canada 🇨🇦 (Update)

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Cashing Out Cryptocurrency in Canada 🇨🇦 (Update)

Рет қаралды 2,537

Crypto For Canadians

Күн бұрын

Пікірлер: 100

@cryptoforcanadians 4 ай бұрын

Get $10 after trading $100 worth of crypto on NDAX: refer.ndax.io/ase4 Get $25 after purchasing $100 worth of crypto on Newton: web.tradenewton.com/r/KDKZDD Save 20% on your trading fees on Bitget: partner.bitget.com/bg/l87j35641689827277614 Trade on Crypto.com Exchange: crypto.com/exch/cryptoforcanadians ChangeNOW tutorial video: kzfaq.info/get/bejne/ibl9ZZie37DSj6M.html Swap with changeNOW: changenow.app.link/referral?link_id=2649b371b6f35f

@MegaTyde 4 ай бұрын

The realest to cover for us Canadians. Always responding and dropping free knowledge. Thanks for all that you do.

@cryptoforcanadians 4 ай бұрын

Thanks! I appreciate the positive feedback.

@user-zt3wx9xt8k 4 ай бұрын

I just recently found your channel. I am a newbie and found your channel to be very helpful for Canadians. Keep up the good work.

@cryptoforcanadians 4 ай бұрын

Thanks! I greatly appreciate the positive feedback!

@MrRezz20002000 4 ай бұрын

Amazing essential topics to cover. Thank you

@cryptoforcanadians 4 ай бұрын

Thanks for the feedback! Glad you enjoyed the video.

@Eleo828 4 ай бұрын

Utmost respect for all you do.. you are a true Canadian Crypto legend !! Never change.

@cryptoforcanadians 4 ай бұрын

Thanks! I appreciate the positive feedback!

@SewavaRonaldGilbert 4 ай бұрын

How do you advise a newcomer in Canada without kyc credentials to verify Canada exchanges to deal cashing out which exchange does not require kyc

@cryptoforcanadians 4 ай бұрын

I don't have any ideas on that, sorry.

@steveg3981 4 ай бұрын

Very helpful. Thanks

@cryptoforcanadians 4 ай бұрын

Thanks! Glad the video was helpful!

@teedigz6147 2 ай бұрын

Thanks for the video. What is the best way to cashout to CAD as of today. I have BTC in binamce outside canada but need CAD. NDAX still the cheapest way?

@cryptoforcanadians 2 ай бұрын

Yes that's correct. You'd cash out with Ndax as they're still the cheapest way to do so.

@weareone2854 3 ай бұрын

Thank you so much. New to crypto here. I notice that the EFT has no limit.. that’s cool! I do wonder if Canadian banks freeze bank accounts if someone transfers a big sum. I read this somewhere but that also doesn’t seem true bc people obviously do it all the time 🤷‍♂️ anyone know? 🤔

@cryptoforcanadians 3 ай бұрын

If you're worried, just keep your amounts under $10K/24 hours because that's the number that FINTRAC uses.

@weareone2854 3 ай бұрын

@@cryptoforcanadians thank you for the response and content!! :)

@cryptoforcanadians 3 ай бұрын

@weareone2854 for sure!

@egorspots 2 ай бұрын

I've heard Kraken is a good option

@cryptoforcanadians 2 ай бұрын

Not for cashing out. Ndax is cheaper assuming they support the coin that you're looking to cash out of. If you don't already have an account with them, use this link to get yourself a $10 sign up bonus: refer.ndax.io/ase4

@Lucia76846 4 ай бұрын

Slothana gonna do big things! 💰🐌

@cryptoforcanadians 4 ай бұрын

Haha we’ll see!

@ericduffy7564 3 ай бұрын

These videos are great. Much thanks man. So I wonder if there is a spread with Newton on USDC. They shouldn’t right given it’s a stable coin? If there isn’t much a spread I would say your best bet is buying/selling on Bitget (as they have the most coins and less fee/spread), sell to USDC or USDT>USDC, transfer to Newton and sell to CAD. Would you agree this would make the most sense?

@cryptoforcanadians 3 ай бұрын

When it comes to cashing out of Bitget, you'll want to buy USDC and send that off to NDAX instead of Newton. I've actually made a video about that and will be publishing it soon so stay tuned. I've also got a short write up at www.cryptoforcanadians.ca/faq on that if you're interested. Hope that helps!

@ericduffy7564 3 ай бұрын

@@cryptoforcanadians I'm going to check that out, thanks so much. Curious why not Newton as well as NDAX. Is the cost that much different? Thanks again for your videos.

@cryptoforcanadians 3 ай бұрын

Yes it’s cheaper to cash out with NDAX. I wouldn’t suggest or recommend them if they weren’t cheaper.

@gravityfallscanada 4 ай бұрын

I'm so glad the OSC backed down on USDC limit. I'm still working on a lawsuit but there is hope.

@cryptoforcanadians 4 ай бұрын

Wow didn't know you were involved with that. Kudos to you!

@mowgliphone3336 4 ай бұрын

Thank you!

@cryptoforcanadians 4 ай бұрын

My pleasure! Hope the video helped you out.

@brianv6122 4 ай бұрын

do you consider Paytrie a viable option anymore for cashing out?

@cryptoforcanadians 4 ай бұрын

No because they're more expensive than NDAX for cashing out and more expensive than Coinbase for buying USDC.

@johnpaultv1411 3 ай бұрын

Hi i had btc and eth in my dydx exchange can i use this step to withdraw all of them sir?

@cryptoforcanadians 3 ай бұрын

Absolutely. Yes you can.

@johnpaultv1411 3 ай бұрын

Thank you sir

@cryptoforcanadians 3 ай бұрын

@johnpaultv1411 sure thing!

@naazbajwa5181 4 ай бұрын

Hii there….which is the best exchange for future trading in ontario?

@cryptoforcanadians 4 ай бұрын

Use Bitget as they 100% work in Ontario. Use this link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614. Hope that helps!

@DeluxeChipmunk 4 ай бұрын

any experience with Kraken exchange? they withdraw in CAD to Canadian banks also. Curious to see where they fit in this.

@cryptoforcanadians 4 ай бұрын

Here are my thoughts on Kraken: kzfaq.info/get/bejne/ZrRzhLSA0c-bj2g.html. Hope that helps.

@DeluxeChipmunk 4 ай бұрын

@@cryptoforcanadians thanks.

@cryptoforcanadians 4 ай бұрын

Sure thing!

@seeksatva7730 4 ай бұрын

Great content. I see that bitbuy and newton have a net purchase limit of 30k for many crypto tokens. My question is would this rule apply if one was to transfer in say usdc from a metamask wallet. Can you please clarify?

@cryptoforcanadians 4 ай бұрын

I believe the net limit buy applies to USDC purchases as well. As a side note, if you're looking to buy USDC in Canada watch this: kzfaq.info/get/bejne/jt1khMt2rbDMhp8.html. Hopefully that helps you out!

@seeksatva7730 4 ай бұрын

@@cryptoforcanadians Thanks, I will check the link out. So a Transfer in of a token from a metamask wallet is considered as a purchase in the bitbuy/newton and hence the limit rule becomes applicable. Correct?

@cryptoforcanadians 4 ай бұрын

@seeksatva7730 if you’re transferring in, I don’t think it counts towards your net buy. I thought you were wondering about buying and transferring out.

@seeksatva7730 4 ай бұрын

@@cryptoforcanadians No, just transferring in. Thanks for your prompt response!

@cryptoforcanadians 4 ай бұрын

@seeksatva7730 sure thing!

@blacksuitspicy3236 4 ай бұрын

can you make a video about leverage fees on bitget i was demo trading and the fee cost more then scalping also i made an account and forgot to use the discount link is it to late

@cryptoforcanadians 4 ай бұрын

I already have made a video: kzfaq.info/get/bejne/brV7mL1ynam7YJc.html You would need to either create a new account or to delete your current account and reregister using the code. Here it is if you want to use it in the future: partner.bitget.com/bg/l87j35641689827277614. Hope that helps.

@cheery-hex 4 ай бұрын

no shakepay?

@cryptoforcanadians 4 ай бұрын

Nope, here's why: kzfaq.info/get/bejne/bq-ShZNhrpvUemw.html

@movieszodiac5134 4 ай бұрын

Hllo bro i am new in canada can hou suggest the best crypto buy and sell app

@cryptoforcanadians 4 ай бұрын

Check out www.cryptoforcanadians.ca/buying-crypto as that should help you out!

@3LPUTAS 4 ай бұрын

wait what happend with coinbase?

@cryptoforcanadians 4 ай бұрын

I found out shortly after making that video that they charge the greater of $1 or 1% to e-transfer. This makes them more expensive to cash out from.

@ikust007 4 ай бұрын

Thank you

@cryptoforcanadians 4 ай бұрын

My pleasure! Hope the video helped!

@sauravjoshi5162 4 ай бұрын

Where I can trade futures in Ontario? Reply please?

@cryptoforcanadians 4 ай бұрын

100% Bitget has it in Ontario. Use this link to save 20% on your trade fees: partner.bitget.com/bg/l87j35641689827277614.

@sauravjoshi5162 4 ай бұрын

@@cryptoforcanadians but I am not able to add funds through Interact or credit or debit card

@cryptoforcanadians 4 ай бұрын

@sauravjoshi5162 watch this video as it’ll help you out with funding Bitget in Canada: kzfaq.info/get/bejne/p9ylgJOTrMmwmoE.html. Hope that helps you out!

@sauravjoshi5162 4 ай бұрын

@@cryptoforcanadians But will it affect taxes and all ? I can pay taxes normally through bitget ??

@cryptoforcanadians 4 ай бұрын

@sauravjoshi5162 no you can’t pay taxes through Bitget. You need to keep track of that yourself.

@janthe6th 4 ай бұрын

Why not Kraken?

@cryptoforcanadians 4 ай бұрын

Because of this: kzfaq.info/get/bejne/ZrRzhLSA0c-bj2g.html

@janthe6th 4 ай бұрын

@@cryptoforcanadiansthanks!

@cryptoforcanadians 4 ай бұрын

Sure thing!

@ikust007 4 ай бұрын

4:06 why not USDT transfer …?

@cryptoforcanadians 4 ай бұрын

No one accepts USDT in Canada. You can't cash that out.

@brianv6122 4 ай бұрын

@@cryptoforcanadians What happened to USDT in Canada?

@cryptoforcanadians 4 ай бұрын

They've been delisted from Canadian crypto platforms for about a year now.

@ikust007 4 ай бұрын

@@cryptoforcanadians oh…!

@Garrett8817 4 ай бұрын

I thought you could cash out usdt via kraken?

@Sumairanawazish 4 ай бұрын

Why crypto market is crashing so badly?

@cryptoforcanadians 4 ай бұрын

This ain't bad, welcome to crypto.

@khalabe8525 4 ай бұрын

How i can withdraw crypto from binance. I have many crypto in binance and now trading stop in Canada

@cryptoforcanadians 4 ай бұрын

Did you watch the full video? I explain what to do.

@khalabe8525 4 ай бұрын

@@cryptoforcanadians this video?

@cryptoforcanadians 4 ай бұрын

Yes this video. I explained the process on the process on looking for a place to send coins to for cashing out. What were the platforms I said to use?

@khalabe8525 4 ай бұрын

@@cryptoforcanadians I need to withdraw crypto from binance

@cryptoforcanadians 4 ай бұрын

lol clearly you didn't watch the video...